Chefs’ Warehouse price target raised to $68 from $58 at BTIG

BTIG analyst Peter Saleh raised the firm’s price target on Chefs’ Warehouse (CHEF) to $68 from $58 and keeps a Buy rating on the shares after its Q4 earnings beat. The company’s organic sales growth of 8.7% was well ahead of the firm’s 5.2% estimate, reflecting consistent trends through Q4 which appear to have continued into Q1, the analyst tells investors in a research note. Investors are finally recognizing the double-digit top- and bottom-line growth of recent years, the firm added.